- China cutting interest rates.
- Europe and UK extending monetary easing (QE) so interest rates lower.
- US Fed is only large central bank poised to raise interest rates.
- Looking pretty good.
- Growth solid and inflation trend healthy (i.e. receding fear of deflation).
- Bank of England keeping interest rates low to ensure recovery sustained.
- Recession ending but growth still slow: PM Shinzo Abe’s plans (Abenomics) for reviving the economy have had mixed results.
- Negatives: Government debt remains large and a problem, so fiscal reform urgently required, but apparently not happening fast enough.
- Positives: Consumer sentiment healthy, exports solid despite global wobblies off China slowdown.
- Moral: Burden of history + leadership in Europe.
- Economic: Population shrinking, labour shortages so economy dependent on skilled and unskilled immigrants.
- Championed by Merkel but in reality a three-pronged effort by government, civil society and the media - thusfar broad internal support but emerging signs of strain (logistical, financial & political).
- Economy expected to grow at slowest rate in 25 years (still > 6%, higher than most countries) - central bank has two-prong approach:
-  Has just cut interest rates again (6th time this year).
-  Injecting cash into the economy to counteract the recent cash drain that has happened as a result of foreign investors pulling out of the Chinese stockmarket.
- New president (final round of election on Nov 22) will have to deal with mess of an economy left by incumbent Cristina Kirchner and her predecessor husband Nestor (who together ruled for 12 years).
- Slow growth + dwindling foreign exchange reserves in wake of colossal economic mismanagement and end of commodity boom.
- One of the world's highest inflation rates (officially at around 14.5%) and huge fiscal deficit (over 7% of GDP).
- China growth slow: Central bank loosening.
- Euro area growth looking dodgy: ECB considering further loosening.
- US growth outlook uncertain: US seemed poised to tighten, but now might not seem so wise.